Hope Harbor
- Assets
- $1.8m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 65
- Location
- Marshall, MN
- Founding
- 03/2004
- Data as of
- 12/2023
- EIN
- 20-0652270
Organization Overview
Hope Harbor is located in Marshall, MN. The organization was established in 2004. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Hope Harbor employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Harbor is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Hope Harbor generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $1.4m during the year ending 12/2023. While expenses have increased by 18.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
HOPE HARBOR IS A PRIVATELY FUNDED NON-PROFIT CHRISTIAN MINISTRY BUILDING STRONG FAMILIES THROUGH A COHESIVE PROGRAM FOCUSED ON FAMILY RESTORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOMES THAT PROVIDE A SAFE CHRISTIAN ENVIRONMENT WHERE TEENS CAN OVERCOME THEIR ADVERSITIES AND DEVELOP ACADEMICALLY, SOCIALLY, EMOTIONALLY, AND SPIRITUALLY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Bisschopp Director | Trustee | $0 | |
John Braland Director | Trustee | $0 | |
Dana Brown Director | Trustee | $0 | |
Terry Christensen Director | Trustee | $0 | |
Patty Ebnet Director | Trustee | $0 | |
Nancy Kunz Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $881,700 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $881,700 |
| Total Program Service Revenue | $235,835 |
| Investment income | $35,715 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $210,267 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,373,834 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,042,422 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $82,855 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,840 |
| Fees for services: Other | $511 |
| Advertising and promotion | $19,528 |
| Office expenses | $1,856 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,350 |
| Travel | $12,525 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,883 |
| Interest | $5,055 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,194 |
| Insurance | $55,184 |
| All other expenses | $25,455 |
| Total functional expenses | $1,434,252 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $203,613 |
| Savings and temporary cash investments | $406,409 |
| Pledges and grants receivable | $45,000 |
| Accounts receivable, net | $97,750 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,306 |
| Net Land, buildings, and equipment | $567,325 |
| Investments—publicly traded securities | $471,092 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,301 |
| Total assets | $1,806,796 |
| Accounts payable and accrued expenses | $12,521 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $155,048 |
| Total liabilities | $167,569 |
| Net assets without donor restrictions | $1,518,718 |
| Net assets with donor restrictions | $120,509 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,806,796 |